FINRA Files Complaint Against Matthew Smith

Soreide Law Group is investigating possible investor claims against securities broker Matthew Smith [CRD: 2688706, Clifton Park, New York]. Evidently, FINRA filed an enforcement or civil action against the securities broker, who worked for Securities America Inc. Allegedly, Smith failed to testify during an investigation into possible FINRA rule violations. Here is a brief summary of FINRA’s allegations against Smith.

FINRA Charges Matthew Smith With Failure To Testify

Specifically, on May 13, 2022, FINRA initiated Case: 2019064710601 against Matthew Smith. Mainly, FINRA alleged that Smith failed to testify during an investigation. Supposedly, the regulator’s investigation concerned Smith’s potential structured cash withdrawals.

Nathan Lewis Securities Inc. Investor Accused Smith Of Unsuitable Recommendations

Particularly, on October 14, 2002, a Nathan Lewis Securities Inc. client filed a complaint about Matthew Smith. Namely, the client alleged that Smith made unsuitable recommendations. Because of this, the client allegedly sustained damages on variable annuities. Therefore, the client requested $14,275.86 in compensation from Nathan Lewis Securities Inc. or Smith. However, Nathan Lewis Securities Inc. denied this complaint.

Matthew Smith Disclosed Allegations By Nathan Lewis Securities Inc. Client

Evidently, a client of Nathan Lewis Securities Inc. contested Matthew Smith’s sales practices, according to a complaint dated January 8, 2004. Supposedly, the variable annuities transactions resulted in damages. Therefore, the client asked for compensatory relief from Nathan Lewis Securities Inc. or Smith in the amount of $11,200. However, the firm denied this complaint.

Smith Employment Information

• Smith worked for Cadaret Grant Co. Inc. in Clifton Park, NY, as a securities broker from July of 2003 to September of 2018.
• Smith worked for Securities America Inc. in Clifton Park, NY, as a securities broker from September of 2018 to March of 2022.

Damages Resulting From Securities America Inc. Securities Broker Matthew Smith?

Did you sustain damages by investing with Matthew Smith? If so, get in touch with Soreide Law Group at (888) 760-6552 and consult with a securities attorney concerning the potential recovery of your investment losses or other damages. Soreide Law Group, who has effectively recovered money for many investors throughout the United States, represents clients on a contingency fee basis and advances costs. Smith and brokerage firms Smith worked for deny all allegations of sales practice violations.